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December 16, 2012 - January 15, 2013

December 16, 2012 to January 15, 2013
Lead Stories
To the Point

How do we record receipt of houses from CRT?

Our 501(c)(3) organization is about to receive three houses from a Charitable Remainder Trust now that the donors establishing the trust have both died. We already have a buyer for all three houses. How should we record the distribution from the trust? Is it an in-kind gift? Or is it an unrestricted gift (nothing in the CRT restricts the use of houses)?

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